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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (29492)	12/30/2007 6:56:19 AM
From: Madharry	Respond to of 78753

i wonder if you have read any of cramer's books. In his first one there seemed no doubt that he benefited greatly from his wife's expertise who had been superior trader. he also made a lot of money over time from investing illiquid thrifts. I believe he could have earned that return over 13 years.

To: Paul Senior who wrote (29492)	12/30/2007 9:29:27 AM
From: Dale Baker	Read Replies (2) \| Respond to of 78753

Cramer ran a hedge fund, which has to be audited and send out statements to clients at least once a year, any one of which could disprove an exaggerated claim. That said, I have no doubt that much of those gains came from hedge fund tricks and illiquid stuff, plus Cramer's spouse. I don't have an auditor but my portfolio has been on SI for ten full years now. My spreadsheet tells me the compounded return is 28.77% as of today. That included a couple of ridiculously fat years in 1999 and 2003 and one small losing year (-7%)in 2002. No idea if it's sustainable over another ten years.

To: Paul Senior who wrote (29492)	12/30/2007 12:27:05 PM
From: Jurgis Bekepuris	Respond to of 78753

OT: Cramer - I don't have any knowledge about his investment record, just wanted to comment on his current insights. He may be annoying, but I don't think he is stupid. And he's definitely worth listening regarding the stocks you own or are planning to buy/sell, since he does provide valid observations. Mostly I've listened to him about homebuilders this year and he was definitely knowledgeable and conservative (he suggested that KBH was probably the only homie worth owning since it has hugely delevered). You just have to ignore his crazy outbursts and theatrics. I would not use him as a primary source of investment ideas though. O'Neil - again I have no idea about his investment prowess. I recently looked for local investment meetups (www.meetup.com) - similar to investment clubs. I found it intriguing that the only meetups I found were Real Estate (OK, those are officially suffering now :)) and IBD. I can't believe people are still so big on CANSLIM. I plan to go to one of their meetings sometime just to see what the heck they are discussing. Charts, oh man...